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General Scoring Primer and Version 8 Master Thread, pub.5.17.20

Birdman7
Super Contributor

Re: General Scoring Primer and Version 8 Master Thread rev.5.17.20

@Chandler455 Yeah, as for raw dollar metrics, that's why the Primer says under study, we really don't know yet, we are just beginning to learn more about it, relatively. If we knew, it would be included already.

@AllZero Thank you for commenting. I revised the language to indicate there are unconfirmed reports of the 2 and 2.5 year thresholds. So, the info is there without being stated as fact, since its in dispute and needs confirmation testing.

@Revelate Did you say isolate accounts from revolvers? That would be awesome data. I also believe it's revolving, but would be great to know for sure.

Next, IDK how you could isolate new accounts from AAOA on a clean scorecard; seems impossible, unless you could cross the line without incurring reassignment (meaning already having a revolver under 12 months).

@Trudy Thank you for the kind words!
-Our Community’s updated scoring wisdom: Scoring Primer.
-New Mortgage Section:MORTGAGE SECTION.
-Negative Reason Codes: CassieCard’s Score Factors thread.
-ccquest’s workbook calculates metrics for you: Workbook.

Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.




(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 31 of 411
CassieCard
Senior Contributor

Re: General Scoring Primer and Version 8 Master Thread rev.5.17.20

@Birdman7: I see that you got the TOC ok, so I'm deleting it from this post.

28 FICO Scores + FICO RESilience Index + 3 VS3. MTG (Mortgage), AUT (Auto), and BKC (Bankcard) are scores 5,4, and 2 from the top.

Keeper of the Scrolls of Resilience: EQ FICO Resilience Index Score Leaderboard (59 People!)

Message 32 of 411
AllZero
Super Contributor

Re: General Scoring Primer and Version 8 Master Thread rev.5.17.20

@Birdman7  I'll be doing my own testing when my AAoA reaches 2 years next month. I plan to apply for new accounts in the following month(s) which should take me under, then wait for it to go back over that threshold again. I'll keep you updated.

Message 33 of 411
Birdman7
Super Contributor

Re: General Scoring Primer and Version 8 Master Thread rev.5.17.20

@AllZeroThat would be awesome, please keep me updated! Thanks!

 

@CassieCardYep, thanks to you I got it Cassie! Can't thank you enough!!

-Our Community’s updated scoring wisdom: Scoring Primer.
-New Mortgage Section:MORTGAGE SECTION.
-Negative Reason Codes: CassieCard’s Score Factors thread.
-ccquest’s workbook calculates metrics for you: Workbook.

Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.




(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 34 of 411
AllZero
Super Contributor

Re: General Scoring Primer and Version 8 Master Thread rev.5.17.20

@Birdman7. You mentioned scorecard assignment. Can you include known thresholds? For thick,thin, aged, etc.

Message 35 of 411
Birdman7
Super Contributor

Re: General Scoring Primer and Version 8 Master Thread rev.5.17.20


@AllZero wrote:

@Birdman7. You mentioned scorecard assignment. Can you include known thresholds? For thick,thin, aged, etc.


@AllZero it's already there. See the quick reference chart at top which has the information. Or for detailed information, see sections A1, C1, D1 and E1.

 

The only one we know for sure is AOYRA. 12 months. There is debate as to the threshold for aged (most think between 10 and 15 years, but some have theorized much lower) and it is believed if you have 5 or 6 accounts it makes you thick. A 60 day late makes you dirty. It is unknown to me whether a certain number of 30 day lates will make you dirty.

-Our Community’s updated scoring wisdom: Scoring Primer.
-New Mortgage Section:MORTGAGE SECTION.
-Negative Reason Codes: CassieCard’s Score Factors thread.
-ccquest’s workbook calculates metrics for you: Workbook.

Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.




(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 36 of 411
AllZero
Super Contributor

Re: General Scoring Primer and Version 8 Master Thread rev.5.17.20

Thank you. I completely missed it. 😝
Message 37 of 411
Birdman7
Super Contributor

Re: General Scoring Primer and Version 8 Master Thread rev.5.17.20

No problem at all, there is a lot there to absorb and I edited my last post to include the information as well.

It will probably take a couple readings to digest a lot of it. I tried to break it down to make it easier to understand by examining each of the five ingredient categories individually and sequentially.

Definitely open to corrections, comments, edits, or requests.
-Our Community’s updated scoring wisdom: Scoring Primer.
-New Mortgage Section:MORTGAGE SECTION.
-Negative Reason Codes: CassieCard’s Score Factors thread.
-ccquest’s workbook calculates metrics for you: Workbook.

Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.




(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 38 of 411
TheKid2
Frequent Contributor

Re: General Scoring Primer and Version 8 Master Thread rev.5.17.20

I know I haven't been here long, but this thread is now officially my favorite. There is so much win in the research and datapoints in one spot. Amazing job. Wow! 

 

Message 39 of 411
Birdman7
Super Contributor

Re: General Scoring Primer and Version 8 Master Thread rev.5.17.20

@TheKid2 Thank you! I am actually updating it now based on some info I just learned researching your situation. Occasionally you should probably scroll thru the first 8 posts and see if there is a recent update made and if so, read it again.

I'm far from flawless and am trying my best to correct any errors and add additional info.

-Our Community’s updated scoring wisdom: Scoring Primer.
-New Mortgage Section:MORTGAGE SECTION.
-Negative Reason Codes: CassieCard’s Score Factors thread.
-ccquest’s workbook calculates metrics for you: Workbook.

Correct Ag.Util. under 5% all times. (Oldest/avg varies. Estimates above.)
Real world mortgage maxes are: EQ5-818, TU4-839, EX2-844.




(Everything said is JMHO and is not endorsed by FICO or MF. I have no affiliation with either, just a grateful member.)
Message 40 of 411
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